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Metal Tiger's McNeilly details new funding arrangement and share buyback plans

Metal Tiger's (LON:MTR) Michael McNeilly discusses with Proactive London's Andrew Scott the plans around its share buyback programme. 

MTR intends to buy back up to 155.9mln shares - equivalent to 10% of the current issued share capital of the company.

McNeilly also talks through its financing arrangement with a global investment bank that was announced earlier this week.

They're using 1.68mln Sandfire Resources shares as security for the financing.

Quick facts: Metal Tiger PLC

Price: 21.25 GBX

AIM:MTR
Market: AIM
Market Cap: £32.58 m
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on 1/9/20

2 min read